OREANDA-NEWS. OJSC “Magnit”, Russia largest retailer (the “Company”, the “Issuer”, MICEX and LSE: MGNT), announces the disposal of shares by the entity which is under the Issuer’s control.

Full company name and address:

joint-stock company “Tander”

185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number:

2310031475

Principal State Registration Number:

1022301598549

Object of disposal:

voting shares of the Issuer

Amount of disposed shares:

35,000 shares (0.037% of the total equity)

Basis for disposal:

Securities Purchase Agreement M3455320 as of 11.04.2013

Amount of votes before disposal:

105,659 votes (0.1117% of the total number of votes)

Amount of votes after disposal:

70,659 votes (0.0747% of the total number of votes)

Date of disposal:

April 12, 2013